“One of our brand-new EVs is priced between N18-N20 million”: New Electric vehicles Dealership showroom launch in Lagos, promise to sell cars cheap

Saglev, an American Electric vehicles manufacturer, is set to boost the adoption of electric vehicles in Nigeria by starting the assembly of electric vehicles at its 5000 SQM Assembly Plant located in Ikorodu, Lagos. The promoter has announced that the plant will begin production in December 2023. It has an installed capacity to assemble 2,500 electric vehicles annually on one shift to provide an excellent alternative to petrol engine cars due to the high cost of fuel.

Sam Faleye, the Chairman & C.E.O. of SAGLEV INC also presented a persuasive argument for the widespread adoption of electric vehicles in Nigeria, dispelling common myths about their cost and upkeep.

Our brand-new Electric vehicles cost between N18 and N20 million, while a brand new Toyota Camry costs about N40 million. Given the rising petrol prices, the cost-effectiveness of EVs is striking.

Faleye also assured that the device requires infrequent charging, typically only needing one or two sessions per week. A full charge can be achieved in approximately four hours using a level two charger, which can be conveniently managed during downtime or overnight.

Highlighting the economic advantages of electric vehicles, Faleye underscored the considerable savings in operational costs.

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In addition, Faleye emphasized the substantially reduced maintenance costs of EVs, boasting a 50% reduction compared to traditional vehicles. Saglev’s forward-thinking strategy involves establishing charging stations at each Ardova and Enyo Petrol Station across the country, ensuring easy access for electric vehicle (EV) users.